Main point: while there's a good argument to be made for incentivizing people to invest their capital, there's no good reason why one kind of money manager (or,

Main point: while there's a good argument to be made for incentivizing people to invest their capital, there's no good reason why one kind of money manager (or, really, professional of any sort) should be taxed less than another. Just because you work with money shouldn't entitle you to lower taxes, unless you're actually investing your own.